Core Viewpoint - The company, Emperor International Investment (00928.HK), has entered into a strategic cooperation agreement with Rongyuhe Group Hong Kong Limited to explore collaboration opportunities in the health industry, shopping malls, and liquor sectors [1] Group 1: Strategic Partnership - The agreement establishes a long-term strategic partnership aimed at integrating resources and fostering innovation in the digital economy and traditional industries [1] - Rongyuhe Group is active in the global digital economy, focusing on the integration of digital technology with various sectors, including cross-border e-commerce and traditional Chinese medicine [1] Group 2: Business Development - The collaboration is expected to enhance the company's business development, optimize resource allocation, and expand its business network [1] - The agreement is set for a duration of one year from the effective date, aligning with the company's overall development strategy [1] Group 3: Value Creation - The partnership aims to create long-term value for shareholders by improving overall competitiveness and sustainable development capabilities [1]

Core Viewpoint - The strategic partnership between 帝王国际投资 (Emperor International Investment) and 荣裕合集团香港有限公司 (Rongyuhe Group) aims to explore collaboration opportunities in the health industry, e-commerce, and liquor sectors, leveraging each other's resources for sustainable growth and competitive advantage [1] Group 1: Strategic Partnership - The agreement was signed on November 3, 2025, establishing a long-term strategic partnership [1] - The collaboration focuses on the health industry, e-commerce, and liquor business sectors [1] Group 2: Partner Profile - 荣裕合集团 is a Hong Kong-registered company active in the global digital economy, promoting the integration of digital technology with traditional industries [1] - The group has a diverse business focus, including digital economy ecosystem construction, "intangible cultural heritage + e-commerce" innovation, and digitalization of traditional Chinese medicine [1] Group 3: Business Philosophy and Strategy - 荣裕合集团 emphasizes a "pain-free consumption" concept in e-commerce, aiming to enhance consumer shopping experiences by optimizing processes and reducing intermediaries [1] - The company has initiated digital cooperation projects in several countries along the "Belt and Road" initiative, showcasing its global strategic layout and resource integration capabilities [1] Group 4: Goals of the Collaboration - The partnership aims to integrate the strengths of both companies, adhering to principles of openness, mutual trust, and win-win cooperation [1] - The collaboration seeks to create new business models that drive future development and enhance overall competitiveness and sustainability [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 King International Investment Limited （股份代號：928） 帝 王 國 際 投 資 有 限 公 司 自願性公佈 戰略合作協議 本公佈乃由帝王國際投資有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願刊發， 旨在向本公司的股東及潛在投資者公開本集團的最新業務發展。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二五年十一月三日，本公司與榮裕 合集團香港有限公司（「合作方」）訂立戰略合作協議（「協議」），雙方同意建立長期戰略合 作夥伴關係，共同探索在大健康產業、商城及白酒等業務領域的合作機會。 榮裕合集團為一家在香港註冊成立，活躍於全球數字經濟領域的企業，積極推動數字經 濟與傳統產業的融合創新。合作方致力於通過數字技術賦能產業發展，業務觸角已延申 至跨境電商、智慧物流、中醫藥數字化等多個前沿領域，具備豐富的行業資源與專業實力。 榮裕合集團的業務多元且具有前 ...

Group 1: Zhongtong Cloud Warehouse Technology - Zhongtong Cloud Warehouse Technology has completed nearly 200 million yuan in Series A financing, with the funds primarily allocated for the construction of a nationwide intelligent warehousing and distribution network, expansion of overseas warehouse operations, and continuous R&D upgrades of the full-link technology system [1] - The financing round was led by CICC Capital's CICC Huirong Fund, with participation from Guotai Junan Innovation Investment [1] - The company has established over 80 subsidiaries across the country, employing nearly 5,000 people and operating more than 200 warehouses with a total storage area exceeding 2 million square meters [1] Group 2: Alibaba Health - During the first week of the "Double 11" shopping festival, Alibaba's health sector experienced double-digit growth in overseas transactions, with significant increases in categories such as dietary supplements, home medical devices, and traditional health products [2] - Alibaba Health's pharmacy has officially entered the overseas market, adding nearly 150,000 products to the supply chain [2] - The growth reflects the global demand for health consumption and the opportunities for traditional Chinese health products in international markets [2] Group 3: Didi Autonomous Driving - Didi Autonomous Driving has been granted the qualification to provide autonomous driving services during the 15th National Games, marking a practical application of its Level 4 technology in a large-scale event [3] - The service will cater to spectators, guests, media personnel, volunteers, and citizens, enhancing public awareness of autonomous driving [3] - The competitive landscape in the autonomous driving sector is intense, with other players like Pony.ai and WeRide also investing in operational capacity, necessitating Didi to demonstrate its advantages in passenger flow management and complex traffic conditions [3]

Core Insights - The JD Smart Industrial Park project in Shunyi, Beijing has made significant progress, with the main structure completed and expected to be operational by July next year [1][3]. Group 1: Project Overview - The project is divided into northern and southern zones, featuring three smart warehouses and supporting buildings, covering a total area of 114,000 square meters [3]. - It aims to serve as a demonstration park for supply chain-oriented e-commerce and smart logistics, integrating advanced technologies such as 5G and Beidou navigation [3]. Group 2: Economic Impact - The park will introduce a JD settlement center and a comprehensive emergency consumption circulation center, which is expected to boost the transportation and commerce sectors, contributing to the economic development of Shunyi District [3][5]. - The local government is committed to supporting the project, which is anticipated to inject new momentum into the regional smart logistics industry and enhance economic vitality [5]. Group 3: Infrastructure Development - Surrounding infrastructure is also being developed, including a 110 kV substation expected to be operational by the end of the year, ensuring stable power supply for the park [5]. - Additional projects such as a water supply facility are underway to secure water resources for the park's operations [5].

Core Viewpoint - The article highlights the emergence of Shenzhen Xiangqi Smart Logistics Co., Ltd. as a modern international logistics solution provider, leveraging technology to address the challenges faced by small and medium-sized enterprises (SMEs) in cross-border logistics [3][4]. Group 1: Company Overview - Shenzhen Xiangqi Smart Logistics was founded in 2022 in Shenzhen, a hub for innovation and reform in China [3]. - The company is not a traditional freight forwarding or transportation company but focuses on technology-driven logistics solutions [3]. - Its mission is to enhance the efficiency and simplicity of global trade for SMEs by overcoming challenges such as high costs and lack of transparency in logistics processes [3][4]. Group 2: Core Advantages - The company has established a strong technological barrier and a robust intellectual property portfolio, having obtained 39 software copyrights related to logistics management and 2 authorized invention patents [5][6]. - Xiangqi Logistics has passed ISO9001 quality management certification, ensuring standardized processes and high-quality service delivery [7]. - The company has built a global logistics network that integrates various transportation modes, providing customized solutions for clients [8][10]. Group 3: Technological Integration - The company utilizes smart order management systems that generate competitive quotes and optimal route recommendations based on real-time data [11]. - It offers full-process visibility for tracking shipments, alleviating concerns associated with traditional logistics [13]. - The application of patented technology in warehouse management enhances operational efficiency and space utilization [13]. Group 4: Leadership and Vision - The founder and chairman, Peng Yeqing, emphasizes a technology-driven strategy to meet the logistics needs of SMEs, focusing on innovation and foundational management [14]. - The company aims to create social value by addressing the logistics challenges faced by SMEs, aligning its success with customer success [14]. Group 5: Future Outlook - Xiangqi Logistics plans to invest in advanced technologies such as AI, big data, and blockchain to enhance its service offerings and expand its global network, particularly along the Belt and Road Initiative [15]. - The company aspires to become a globally leading and trusted smart logistics brand, reflecting the innovative spirit of Shenzhen and contributing to the advancement of the logistics industry [15].

Core Viewpoint - Shandong Heavy Industry Group is significantly expanding its global presence, with a projected export revenue of 100 billion RMB by 2025, marking a fivefold increase from 2020, and aims for over 60% of total revenue to come from overseas operations [2][4][8]. Group Performance - In the first nine months of 2025, Shandong Heavy Industry reported nearly 440 billion RMB in revenue, a year-on-year increase of over 9% [3]. - Export revenue for the same period reached 72.7 billion RMB, with an expected annual total of 100 billion RMB, which is five times the export revenue of 2020 [4][5]. Subsidiary Contributions - Weichai Power, a subsidiary, achieved over 250 billion RMB in revenue in the first three quarters of 2025, with a 30% increase in engine exports [4][6]. - China National Heavy Duty Truck Group (CNHTC) exported 111,000 heavy trucks in the first nine months, a 24.5% increase, maintaining its position as the leading exporter in China [5][6]. - Zhongtong Bus's overseas business accounted for 70% of its revenue, with a 40% increase year-on-year [6][7]. Globalization Strategy - The group emphasizes a balanced global industrial layout to mitigate local market risks, with 30% of overseas revenue coming from local manufacturing and sales of Chinese products [8][9]. - The company aims for deep localization in its global strategy, ensuring that supply chains and production align with local markets [9][10]. Future Directions - Shandong Heavy Industry plans to focus on four strategic directions: new energy, digital intelligence, aftermarket services, and globalization, with a goal of achieving 100 billion USD in revenue by 2030 [11].

Core Insights - Guangzhou's Huadu District is intensifying its focus on industrial land supply, with a recent offering of 16 industrial plots totaling approximately 28 hectares and a construction area of 1.1 million square meters, aligning with the "industry first, manufacturing city" strategy [1][6] - Since 2022, Huadu has supplied a total of 183 plots, maintaining a leading position in both quantity and area of industrial land supply in the city [1][6] Group 1: Fashion Industry Development - The initiative aims to enhance the core competitiveness of the fashion industry, leveraging Huadu's existing foundation as the "Leather Capital" to establish the Shiling Fashion Industry Park, focusing on intelligent research and manufacturing of bags [3] - Five of the newly offered plots are located within the Shiling Fashion Industry Park, targeting enterprises involved in the research, design, and production of bags and leather goods [3] Group 2: Smart Manufacturing Applications - The land supply also emphasizes the application of smart manufacturing, with two plots designated for intelligent equipment, smart logistics, and smart home sectors, promoting a comprehensive service system for technology research and smart hardware [4] - These efforts are aimed at facilitating the transformation and upgrading of the industrial sector through deep interconnection and collaborative response within the supply chain [4] Group 3: Support for Small and Medium Enterprises (SMEs) - The initiative addresses the challenges faced by SMEs regarding land and construction, encouraging the development of multi-story standard factories to enhance land utilization [5] - Nine of the offered plots are dedicated to creating SME parks, fostering a collaborative environment for resource sharing and innovation [5] Group 4: Strategic Importance - The concentrated supply of 16 industrial plots is a critical measure for deepening the "Intelligent Manufacturing District" strategy and implementing the "industry first, manufacturing city" directive [6] - The approach aims to effectively match land resources with industrial development needs, providing efficient spatial support for quality projects [6]

Core Viewpoint - Deutsche Bank's stock (02418) rose over 11% following the announcement of a strategic cooperation agreement with Yongqing Group for smart logistics in overseas parks [1] Group 1: Strategic Cooperation - The strategic cooperation agreement was signed on October 9, focusing on deep collaboration in smart logistics and capacity management [1] - The partnership will provide efficient, safe, and stable smart logistics service management solutions for the Morowali Industrial Park (IMIP) in Central Sulawesi, Indonesia [1] - The collaboration includes integrated capacity management, smart logistics solutions, customized vehicles, and aftermarket services [1] Group 2: Business Expansion - The board believes that this strategic cooperation will benefit the company's overseas business expansion and create new market opportunities [1] - The agreement aligns with the company's long-term development goals and business strategies, deemed in the best interest of the company and its shareholders [1]

Core Insights - China's total electricity consumption reached 10,154 billion kWh in August, marking a 5.0% year-on-year increase, and this is the second consecutive month of surpassing the trillion kWh mark [1] - The growth in electricity consumption is attributed to high temperatures and humidity during the summer, which increased residential electricity usage, as well as the development of new productive forces contributing to economic growth [1] Production Sector - The manufacturing sector is transitioning towards "new" and "green" practices, with significant investments in automation and technology upgrades leading to increased electricity consumption [2] - In August, electricity consumption in the manufacturing sector grew by 5.5% year-on-year, the highest this year, with high-tech manufacturing contributing significantly to this growth [2] - The production of wind power equipment and electric vehicles is experiencing rapid growth, with wind turbine gearbox production increasing by 53% year-on-year [3] Consumption Sector - The tourism and cultural sectors are seeing a resurgence, with electricity consumption in related industries increasing significantly due to heightened consumer activity during holidays [4][5] - Online retail has also accelerated, with a 9.6% year-on-year increase in online sales, driven by innovations in logistics and e-commerce [5] Investment Sector - Investment in new infrastructure, such as charging stations and data centers, is on the rise, contributing to increased electricity consumption [6] - The number of electric vehicle charging stations has grown significantly, with a 53.5% year-on-year increase in the total number of charging guns [6][7] - The data industry is also expanding, with a 57.54% year-on-year increase in electricity consumption in data centers [7] Renewable Energy - The share of renewable energy in total electricity consumption is increasing, with wind and solar power accounting for nearly 25% of total electricity generation in the first half of the year [7] - The transition to electric energy in various sectors is contributing to the growth in electricity consumption while also enhancing the "green" aspect of energy use [7]